Question: Please help me solve this assignment in EXCEL FORMAT. If you could provide STEP - BY - STEP INSTRUCTIONS of how to input each piece
Please help me solve this assignment in EXCEL FORMAT. If you could provide STEPBYSTEP INSTRUCTIONS of how to input each piece of the problem into an excel file worksheets for each answer for example that I could follow along to Id very much appreciate that. If you can create a solved excel file that I could download that would also work as well, but most importantly, I need to see exactly how to do it on excel so I could do it myself. Very important! Thank you!!!!
Problem :
A supplier needs to supply retailers indexed as dots, In each day, each retailer i has
probability to place an order to the supplier with order quantity following a discrete
uniform distribution cdots, Retailers' ordering decisions are independent of each other. The
supplier's unit production cost is $ per unit. In each day, the supplier first produces units of
the product at unit cost $; then it receives all the orders from the retailers and satisfies them as much
as possible. The wholesale price is $ per unit, and each unit of leftover costs the supplier $ to
dispose. Let be the supplier's expected daily profit under production quantity Assume sample
sizeN
What is the distribution histogram of the daily total order quantities received by the supplier?
Plot it
What is the confidence interval of the expected daily profit for the supplier?
What is the probability that the supplier experiences shortage? What is the probability that the
supplier has leftover?
What is the quantity that maximizes the supplier's expected profit? Graph against to
support your conclusion.
When the retailers consolidate their orders, they can get the discounted wholesale price $
They coordinate their ordering process as follows: in each day, each supplier i first observes their
individual demand dots, Then if the consolidated demand all orders
will be placed; otherwise, no order will be placed. The supplier's operation and other parameters
remain the same. In this case, what is the profitmaximizing production for the supplier?
Please help me solve this assignment in EXCEL FORMAT. If you could provide STEPBYSTEP INSTRUCTIONS of how to input each piece of the problem into an excel file worksheets for each answer for example that I could follow along to Id very much appreciate that. If you can create a solved excel file that I could download that would also work as well, but most importantly, I need to see exactly how to do it on excel so I could do it myself. Very important! Thank you!!!!
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